Is the Fed Doing Enough—or Too Much—to Aid Recovery?

SAN DIEGO—The Federal Reserve's decision to tie interest-rate increases to specific unemployment and inflation levels will likely be only a temporary part of its tool kit, central-bank insiders say.

Those levels are "mostly tailored to the specific situation we are in," Federal Reserve Bank of St. Louis President James Bullard said in an interview at the American Economic Association's annual meeting here.